When do front-end loads apply to the purchase of actively managed investment funds?

 Please note that the following answer only applies to clients of our Broker offering.‌

Issue premiums are incurred when purchasing actively managed investment funds if the units are purchased directly from the issuer (= fund company) via a bank, for example. If the units are purchased via a stock exchange, neither banks nor the issuer are directly involved. For this reason, there is no front-end load when buying fund units via the Scalable Broker.